Budget 2024

[SkyBlueFlux]

The budget is a crass attempt at a voter grab. Shameless and obvious. That’s not the actions of a party with the countries best interest at heart it’s the actions of a government with their own interest at heart and cuts right through to why they need to go.
Disingenuous , inept leadership. It’s what we’ve become used to so nobody should be too surprised.

What confuses me is… if that was an attempt to bribe the electorate… is that really the best they could come up with?

I find that infinitely more telling than the shallow politics of it all. They knew this was their final chance to win back voters and this is what they come up with? They really are completely out of ideas aren’t they? Either that or they’re even more out of touch than any of us could possibly imagine.

It’s like trying to secure a job by sliding the interviewer a 20 pence piece and winking at them.

 

[SkyBlueFlux]

Whenever I hear his name all I can think about is this:

 

[bluethrunthru]

Great call from Stephen Flynn MP

 

[bluethrunthru]

why indeed .....

 

[ganganvince]

Bump
I know this was for Hunts budget but given the title assume also covers Reeves' budget. Is there anything you are hoping for/Dreading in this budget rumours so far are around tobacco, fuel and pension reform for me it has pushed me into taking my 25% tax free earlier than planned assuming it completes in time.

 

[PPT]

Bump
I know this was for Hunts budget but given the title assume also covers Reeves' budget. Is there anything you are hoping for/Dreading in this budget rumours so far are around tobacco, fuel and pension reform for me it has pushed me into taking my 25% tax free earlier than planned assuming it completes in time.

I think its going to be brutal.
Hits on Capital Gains Tax. Inheritance Tax on pensions. Increase in employers NI pension contributions. Reduction in personal pension tax relief to a flat 30% (maybe even 25%) Reduction of the 25% tax free lump sum pension allowance. Increases on duty for fuel (both petrol and especially diesel). The reduction or complete removal of the dividend tax. Cut the ISA allowance to circa £100K. Increase in council tax. Increase in tobacco & alcohol duties and a possible windfall tax on banks and energy companies.
Apart from that we should be OK...

 

[The Future’s Blue!]

As long as they don’t do another Tory, then I’m happy to go with it.

 

[law74]

He’ll be doing it all again in October. October 23rd probably.

And rest assured I’ll still be here regardless.

Only a couple of weeks to wait now

 

[Millwallawayveteran1988]

I think its going to be brutal.
Hits on Capital Gains Tax. Inheritance Tax on pensions. Increase in employers NI pension contributions. Reduction in personal pension tax relief to a flat 30% (maybe even 25%) Reduction of the 25% tax free lump sum pension allowance. Increases on duty for fuel (both petrol and especially diesel). The reduction or complete removal of the dividend tax. Cut the ISA allowance to circa £100K. Increase in council tax. Increase in tobacco & alcohol duties and a possible windfall tax on banks and energy companies.
Apart from that we should be OK...

Do you really think they will do all that in one budget?

 

[hampshireblue]

I think its going to be brutal.
Hits on Capital Gains Tax. Inheritance Tax on pensions. Increase in employers NI pension contributions. Reduction in personal pension tax relief to a flat 30% (maybe even 25%) Reduction of the 25% tax free lump sum pension allowance. Increases on duty for fuel (both petrol and especially diesel). The reduction or complete removal of the dividend tax. Cut the ISA allowance to circa £100K. Increase in council tax. Increase in tobacco & alcohol duties and a possible windfall tax on banks and energy companies.
Apart from that we should be OK...

But if you earn less than £50k that would be an INCREASE in pension allowance, so a good thing for the majority of workers.It's interesting you only see it from the perspective of someone who is getting a bigger benefit. Would a reduction from marginal rate to 30% or 25% put people off investing in their pension?-I very much doubt it.

By energy companies who do you actually mean. For example Octopus have just made their first profit at a margin of 1.6%-they are hardly ripping us off at that rate. I would like to see some change to standing charges though as it is a scandal that the first £380 we all pay buys us not one Kwh of gas or electricity.